HLHB System Update (February 24 – 28, 2014)

Read all about my HLHB Trend Catcher System if this is your first time hearing about it!

EUR/USD

EUR/USD HLHB System Forex Chart

EUR/USD HLHB System Forex Chart

Another good week for EUR/USD as the RSI filtered a lot of fakeouts. Signal #3 was particularly helpful as it offset the losses from signal #5.

TOTAL

# Signal Open Close Pips Notes
1 Sell 1.3727 1.3727 0 RSI was already below 50
2 Buy 1.3736 1.3736 0 RSI was already above 50
3 Sell 1.3741 1.3682 59 New crossover
4 Buy 1.3682 1.3682 0 RSI was already above 50
5 Sell 1.3699 1.3715 -16 New crossover
6 Buy 1.3715 1.3715 0 RSI was already above 50
TOTAL 43

GBP/USD

GBP/USD HLHB System Forex Chart

GBP/USD HLHB System Forex Chart

The RSI filter wasn’t as helpful to GBP/USD as in EUR/USD. Although it filtered a lot of bad signals, it also invalidated a couple of good ones. For example, signals #5 and #13 would have significantly minimized the pair’s losses had they been valid.

# Signal Open Close Pips Notes
1 Buy 1.6647 1.6629 -18 New crossover
2 Sell 1.6629 1.6629 0 RSI was already below 50
3 Buy 1.6649 1.6621 -28 New crossover
4 Sell 1.6621 1.6621 0 RSI was already below 50
5 Buy 1.6650 1.6650 0 RSI was already above 50
6 Sell 1.6667 1.6667 0 RSI was already below 50
7 Buy 1.6685 1.6685 0 RSI was already below 50
8 Sell 1.6672 1.6694 -22 New crossover
9 Buy 1.6694 1.6678 -16 New crossover
10 Sell 1.6678 1.6678 0 RSI was already below 50
11 Buy 1.6672 1.6672 0 RSI was already above 50
12 Sell 1.6644 1.6673 -29 New crossover
13 Buy 1.6673 1.6758 0 End-of-week trade
TOTAL -113

I hope this system sees a better week next week!

XOXO,

Huck

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  • Jack

    It would be therapeutic for you to analyse your previous results over however long you’ve been using this approach. Technical analysis is a myth, you’re basically doing the equivalent of using a digital news paper published yesterday to predict the future. Please stop wasting your money.

    • Hucklekiwi Pip

      Hey Jack! Thanks for reading my blog!

      Right now I’m still willing to stick to the system even though it’s currently not profitable. There’s just no trading system that’s perfect for all kinds of environment.

      Let’s see if the system does better in the next few weeks or when the trading environment changes. But yeah, it can get frustrating during the lean days.

      Hope you’re having a good trading week! 🙂